CG Oncology, Inc. is a late-stage clinical biopharmaceutical company focused on developing cretostimogene grenadenorepvec, an investigational oncolytic immunotherapy for bladder cancer. Its lead program is designed to both directly kill cancer cells and stimulate an anti-tumor immune response, with the initial focus on high-risk and intermediate-risk non-muscle invasive bladder cancer (NMIBC). The company is still in development mode and does not yet sell an approved product, so its value proposition is tied primarily to clinical success, regulatory approval, and eventual commercialization. In addition to its core drug program, CG Oncology has built in-house chemistry, manufacturing and controls capabilities and commercial-readiness infrastructure to support a potential launch. The company also has a commercial and development revenue stream through Biovire, a contract manufacturing business focused on fill-and-finish services for novel drugs and medical devices.